Paying your pension

Retirement

Table of Contents

Paying your pension

Once you have retired from the LGPS your pension is paid to you on a monthly basis, on the last working day of every month. Please note your payment for December is usually paid slightly earlier in time for Christmas. You can visit our Pension payment dates page for more information.

Your pension is payable for your lifetime and is increased in line with the Consumer Prices Index (CPI) every April.

Income Tax

Your LGPS pension is a taxable income, therefore we will be notified of your tax code by HMRC and any tax will be deducted at source by the Berkshire Pension Fund payroll team. Tax code notifications are received from HMRC directly to the Berkshire Pensions payroll team.

Any lump sum retirement grant which is payable is tax-free.